Ganancias patrimoniales (base del ahorro) in Spain: how gains on shares are taxed
Spain taxes gains on a rising scale: 19% on the first €6,000, 21% up to €50,000, 23% up to €200,000, 27% up to €300,000, and 30% above €300,000. Each rate applies only to the slice of the gain inside its band. The holding period does not change the rate, and there is no annual tax-free amount.
Taxed on the savings scale, rising from 19% to 30%. The top band went from 28% to 30% for the 2025 tax year. The scale is the same across the whole country regardless of autonomous community, and holding period does not change the rate.
| Gain up to | Rate on this slice | Total tax at the top of the band |
|---|---|---|
| €6,000 | 19% | €1,140 |
| €50,000 | 21% | €10,380 |
| €200,000 | 23% | €44,880 |
| €300,000 | 27% | €71,880 |
| above €300,000 | 30% | — |
Tax on share gains of different sizes
Because the bands stack, the effective rate stays below the top rate: 26.98% on €600,000.
| Gain | Tax | Effective rate | Kept after tax |
|---|---|---|---|
| €5,000 | €950 | 19% | €4,050 |
| €6,000 | €1,140 | 19% | €4,860 |
| €50,000 | €10,380 | 20.76% | €39,620 |
| €200,000 | €44,880 | 22.44% | €155,120 |
| €300,000 | €71,880 | 23.96% | €228,120 |
| €600,000 | €161,880 | 26.98% | €438,120 |